Fanatic Auto Gross sales (6)

Automotive

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The odd-wanting line in this graph is the one for domestic consumption of autos and components as a fraction of GDP; the line begins to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US automobile sales is essentially flat from 2001 to 2007 at between 16 and 17 million vehicles per year. Studying off Stuart’s graph above, the gross consumption line starts at about 3.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% throughout that interval.

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